Insider Selling: Riskified (NYSE:RSKD) Director Sells $338,256.00 in Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 64,800 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $5.22, for a total transaction of $338,256.00. Following the completion of the transaction, the director owned 1,496,621 shares in the company, valued at $7,812,361.62. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erez Shachar also recently made the following trade(s):

• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The shares were sold at an average price of $5.08, for a total transaction of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $1,413,135.02.
• On Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The shares were sold at an average price of $5.05, for a total transaction of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total transaction of $1,787,120.00.
• On Thursday, June 25th, Erez Shachar sold 124,085 shares of Riskified stock. The stock was sold at an average price of $4.96, for a total value of $615,461.60.
• On Wednesday, June 24th, Erez Shachar sold 168,300 shares of Riskified stock. The stock was sold at an average price of $4.89, for a total value of $822,987.00.

Riskified Stock Performance

RSKD opened at $5.16 on Monday. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68. The stock has a market capitalization of $763.72 million, a P/E ratio of -46.86 and a beta of 1.38. The business’s 50-day simple moving average is $4.89 and its 200-day simple moving average is $4.61.

Riskified (NYSE:RSKD) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.27 million during the quarter, compared to analysts’ expectations of $87.72 million. Riskified had a negative return on equity of 3.91% and a negative net margin of 5.17%. On average, equities research analysts forecast that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Riskified presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Hedge Funds Weigh In On Riskified

A number of hedge funds and other institutional investors have recently made changes to their positions in RSKD. Raymond James Financial Inc. acquired a new position in Riskified in the 2nd quarter valued at about $36,000. Man Group plc acquired a new stake in Riskified during the 4th quarter worth approximately $50,000. Virtu Financial LLC acquired a new stake in Riskified during the 3rd quarter worth approximately $51,000. Invesco Ltd. purchased a new position in shares of Riskified in the 1st quarter valued at approximately $51,000. Finally, T3 Companies LLC purchased a new position in shares of Riskified in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.